The COVID-19 crisis has led to a huge spike in the number of online purchases. This has changed e-commerce forever. The growth of e-commerce has accelerated due to the COVID-19 crisis and the number of online sales has gone sky-high. Consumer spending in non-food increased by 56% in the Netherlands and supermarkets even had to contend with "empty shelves" in their web shops.
At the end of 2020, the e-commerce in Europe is expected to be worth €717 billion, according to RetailX. This ultimately means an increase of 12.7% compared to last year. However, this growth is somewhat lower than the 14.2% increase of the European e-commerce in 2019. The COVID-19 outbreak could have led to a run on online shopping across Europe. However, the full impact
Domestic online retail turnover in Hungary reached HUF 781 billion in 2019, which translates to €2.2 billion. This is an increase of 17% compared to the previous year, according to eNET Internet Research. The turnover of domestic e-commerce in Hungary may exceed €4.9 billion by 2024. The frequency of domestic online purchases has been growing steadily for years, with
Zalando expects to grow its business at double-digit rates in 2020. The overall fashion market expects to show significant negative growth this year. The online fashion platform aims to grow its Gross Merchandise Volume (GMV) by 10-20%. Zalando expects its revenue to grow within the same range, but slightly lower than the Gross Merchandise Volume due to the fast growth of
Last year e-commerce in Turkey was worth ₺83.1 billion. This translates to €10.76 billion. The Turkish e-commerce industry has had an increase of 39% compared to the year 2018. In 2018 the Turkish e-commerce industry was valued at ₺59.9 billion, which translates to €7.76 billion. In the last five years the Turkish e-commerce industry experienced an average growth of 35%.